How to save money. - page 39. | Bitcointalksearch.org

bamboylee

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Quote from: Aamir1 on August 13, 2016, 11:35:12 AM

Quote from: mirakal on August 13, 2016, 01:47:32 AM

Quote from: xdrpx on August 12, 2016, 12:07:08 PM

You can save money by creating different portfolios of investments. We have to divide in ratio proportions how much we'd want to save and in what kind of investment scheme. The schemes could vary from Fixed/Recurring deposits with banks, trading in stock markets, mutual funds, Public provident funds and various other methods.

In savings you will not think of investment first, let us say you only receive a little amount of salary, the question is are you still gonna save? The answer is absolutely yes, you need to save as that is compulsory and that would take care of your future in case there are emergencies that would require you to spend money.

Saving is actually good for the people who are not rich and are not earning a lot of money every month or everyday because if someone earns a lot he does not need to save anything because he will always have extra money, but the ones who earn a little that can only run their house for the day then they should just a small percent of it.

Even if you are only earning a small amount, you should prioritize saving. Savings is your stepping stone for future success. If you do not save and you spend all your money, then you cannot invest. Save small amounts of money every payday. Then if you receive more, save more. If you save enough, open an investment. Your investment will make way so you will be financially free in the future.

Aamir1

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Quote from: diodio5 on August 14, 2016, 09:58:17 AM

Quote from: Ziskinberg on August 14, 2016, 01:30:33 AM

You should know your limits on spending, there should be a balance between what your wants and needs.Money don't come easily you just have to work hard for it before you have it.And just by saving money invest it and some save it on the bank,for realization today money really matters for those who really need money,focus on your goal if now your on the peak of getting a good income .

saving money is quite difficult because you have to choose a good division between spending, investment and saving. usually people already planning to great, but they do not do that and instead wasteful plan you should be able to make a realistic plan to save so that you can do it

Someone who is earning just a limited amount every month should divide his earnings into just 2 portions, one to spend and the other to save, because if you have just a limited amount then you wont be able to make any investments with that too if you are saving some of them, but you will only be able to invest some also if you are earning a good amount every month.

dezoel

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Quote from: diodio5 on August 14, 2016, 09:58:17 AM

Quote from: Ziskinberg on August 14, 2016, 01:30:33 AM

You should know your limits on spending, there should be a balance between what your wants and needs.Money don't come easily you just have to work hard for it before you have it.And just by saving money invest it and some save it on the bank,for realization today money really matters for those who really need money,focus on your goal if now your on the peak of getting a good income .

saving money is quite difficult because you have to choose a good division between spending, investment and saving. usually people already planning to great, but they do not do that and instead wasteful plan you should be able to make a realistic plan to save so that you can do it

You should have proper action plan and you should follow it with great level of discipline, try to avoid unwanted expenses and make sure that your expenses doesn't exceeds your income.

diodio5

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Quote from: Ziskinberg on August 14, 2016, 01:30:33 AM

You should know your limits on spending, there should be a balance between what your wants and needs.Money don't come easily you just have to work hard for it before you have it.And just by saving money invest it and some save it on the bank,for realization today money really matters for those who really need money,focus on your goal if now your on the peak of getting a good income .

saving money is quite difficult because you have to choose a good division between spending, investment and saving. usually people already planning to great, but they do not do that and instead wasteful plan you should be able to make a realistic plan to save so that you can do it

cambda

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Quote from: Mauser on August 14, 2016, 09:22:08 AM

Quote from: umaOuma on August 14, 2016, 09:19:31 AM

Quote from: goldcoinminer on August 14, 2016, 07:30:24 AM

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Quote from: mirakal on August 14, 2016, 02:44:36 AM

Quote from: 20kevin20 on August 14, 2016, 02:10:08 AM

Quote from: JessicaSe on August 14, 2016, 02:05:42 AM

Quote from: crairezx20 on August 13, 2016, 11:50:10 AM

Quote from: Aamir1 on August 13, 2016, 11:35:12 AM

Quote from: mirakal on August 13, 2016, 01:47:32 AM

Quote from: xdrpx on August 12, 2016, 12:07:08 PM

You can save money by creating different portfolios of investments. We have to divide in ratio proportions how much we'd want to save and in what kind of investment scheme. The schemes could vary from Fixed/Recurring deposits with banks, trading in stock markets, mutual funds, Public provident funds and various other methods.

In savings you will not think of investment first, let us say you only receive a little amount of salary, the question is are you still gonna save? The answer is absolutely yes, you need to save as that is compulsory and that would take care of your future in case there are emergencies that would require you to spend money.

Saving is actually good for the people who are not rich and are not earning a lot of money every month or everyday because if someone earns a lot he does not need to save anything because he will always have extra money, but the ones who earn a little that can only run their house for the day then they should just a small percent of it.

Well for me i just save bitcoins for my future to use it in my own business or to buy an house and lot this is just my dream for my future and for my family.. saving is a good thing for those dreaming for their future.. if you spend a lot of money or bitcoin for nothing and you dont saving you will never be rich even you are making a lot of money.

Saving is really important for future, in fact even if you are earning millions but if you are not saving then its useless, as you never know what future holds for you.

If you want to save for the future, I'd recommend you to do it in Gold. The price will only keep rising year after year. People will be looking for Gold soon, as it's the only one which can be used as a currency in case of a financial collapse.

Investing in gold requires a good amount of capital and you can only invest in that if you are already rich. Majority of the people here are just starting to have there investment because they are encourage by the people who got a successful journey with investing in bitcoin.

Agree, gold investments need a huge amount or capital and only rich could definitely do that because average person couldnt do that. Thats right most of the people here are just starting to their investment of bitcoin because they see the big potential of bitcoin in the future.

You really don't need huge capital to invest in gold, as now even gold is available in small quantity, you can always buy 1gm or 2gm coins according to your budget.

you can certainly buy small quantity of gold as of now but i think it would be worthless of holding that for a long time. If you have a capital then you must purchase bulks.

Definitely, before you try to invest with gold make sure you already have a decent capital. Gold is a guaranteed profit as it has been proven to be profitable holding for a long period of time but without enough capital to use it is just a miss opportunity.

If you don't have capital then how can you expect to invest in gold, and there is nothing like missing an opportunity, its all about creating an opportunity to earn profits.

Yes, there will always be new opportunities around. Don't think about missing out on any Investment.

You Need some initial savings before start investing. Make sure you diversify into multiple Investments instead of just one to reduce risk.

Diversifying investments is the best way to minimize risks in future as even if one investment fails then you have an opportunity to recover it from the other.

Mauser

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